Robeco Institutional Asset Management B.V. Purchases 24,216 Shares of FedEx Corporation (NYSE:FDX)

Robeco Institutional Asset Management B.V. increased its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 70.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,828 shares of the shipping service provider's stock after acquiring an additional 24,216 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in FedEx were worth $14,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock worth $514,000 after purchasing an additional 207 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in FedEx during the 4th quarter worth about $95,000. Verus Capital Partners LLC lifted its position in FedEx by 2.4% during the 4th quarter. Verus Capital Partners LLC now owns 3,494 shares of the shipping service provider's stock worth $983,000 after buying an additional 81 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in FedEx by 10.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,603 shares of the shipping service provider's stock worth $732,000 after acquiring an additional 250 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in FedEx in the 4th quarter valued at about $308,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Up 3.8%

Shares of NYSE:FDX opened at $229.37 on Friday. The company has a 50 day moving average price of $220.19 and a two-hundred day moving average price of $242.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $54.96 billion, a PE ratio of 13.59, a PEG ratio of 1.22 and a beta of 1.35. FedEx Corporation has a 52 week low of $194.30 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same quarter in the previous year, the business earned $5.41 EPS. Analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be given a dividend of $1.45 per share. The ex-dividend date is Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from FedEx's previous quarterly dividend of $1.38. FedEx's dividend payout ratio (DPR) is currently 36.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDX. Stifel Nicolaus set a $315.00 target price on shares of FedEx in a research report on Wednesday. Sanford C. Bernstein dropped their price objective on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. UBS Group decreased their price objective on FedEx from $311.00 to $297.00 and set a "buy" rating on the stock in a research report on Wednesday. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and lowered their target price for the company from $283.00 to $221.00 in a research note on Friday, March 21st. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $260.00 price target (down previously from $275.00) on shares of FedEx in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and a consensus price target of $283.00.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

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